Future - Proofing Properties

In episode 31 of the Multifamily Hangout podcast, hosts Adrian Danila and Chris Moreno spoke with Lisa Gunderson, VP of Asset Management at Bristol Development.
Lisa, who transitioned from a career in the zoo industry to real estate, shared her approach to property management, emphasizing the importance of understanding both financial and operational aspects.

She discussed her criteria for selecting third-party management companies, focusing on the importance of trust, relationships, and reputation.
A key theme was future-proofing properties, where Lisa stressed the need to plan for technological advancements and anticipate resident needs, citing high-speed internet in Chattanooga as an example.

Lisa also highlighted the significance of investing in well-compensated maintenance staff, explaining that skilled teams are crucial for proactive and efficient property management.
Her insights on strategic planning and future-proofing provided valuable takeaways for the multifamily industry.